An agreement with international bondholders allowed Ukraine to suspend payments after Russia’s August invasion.
Ukraine failed to reach an agreement with a group of bondholders to restructure commercial debt worth about $20 billion. Reuters wrote this on Monday, June 17.
An agreement with international bondholders that allows Ukraine to suspend payments after a Russian invasion in 2022 expires in August.
Finance Minister Sergei Marchenko said negotiations will continue and the government hopes to reach an agreement by August 1.
“Timely debt settlement is an important part of this support (from partners,” edit.). To win wars, a strong army must rely on a strong economy,” said the head of the Ministry of Finance.
Formal talks with bondholders have been ongoing for nearly two weeks to restructure the debt to maintain access to international markets while meeting the International Monetary Fund’s restructuring requirements.
“Although Ukraine and the Special Committee of Creditors did not agree on the terms of the restructuring during the consultation, they will continue to communicate and properly discuss through their respective advisers,” the Cabinet of Ministers said. Minister.
The government will continue bilateral negotiations with other investors.
We remind you that at the end of February, the state and state-guaranteed debt of Ukraine reached 5 trillion 490.10 billion Hryvnia or 143.69 billion dollars.
Ukraine prepares for debt restructuring. The need for this became acute after the international rating agency S&P Global Ratings downgraded our state’s credit rating.
Source: korrespondent
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